HISTORY: With OVER 1,200,000 BTC, Wall Street hashtag#ETFs now hold more Bitcoin than Satoshi Nakamoto
Source: The Bitcoin Historian
Bitcoin is still just 0.2% of global asset value.
Here is the latest update of this chart, which you may have seen in Microstrategy CEO Michael Saylor's presentations. With Bitcoin's price over $90k and ~$2T in market value, it may feel like you're late to Bitcoin... but it is still a tiny bucket in the global asset ocean. Source: Jesse Myers (Croesus 🔴) @Croesus_BTC
As the old adage says... "Concentration makes you rich. Diversification keeps you rich".
#BTC
How it started... the first 16 months of existence of bitcoin
Source: zerohedge
Remember when the Bitcoin ETF first came out in January?
The talk was we would get an initial rush, and then it would level off. Exactly the opposite is happening. Flows are massively accelerating. Source: @EricBalchunas, Fred Krueger @dotkrueger
Can bitcoin be stopped?
Ask chatgpt... "...while Bitcoin’s use and accessibility can be curtailed through regulatory and technical measures, stopping it entirely would require a coordinated, global effort against its decentralized network—a task that seems nearly impossible given its current scale and adoption".
🚨Michael Saylor⚡️
60 public companies can issue equity to buy Bitcoin.
Why is altcoin season delayed?
Here's the view by Ki Young Ju on X: "Compared to the last cycle, the nature of capital flowing into Bitcoin has shifted. The current Bitcoin rally is primarily driven by demand from institutional investors and spot ETFs. Unlike crypto exchange users, institutional investors and ETF buyers have no intention of rotating their assets from Bitcoin to altcoins. Moreover, as they operate outside of crypto exchanges, asset rotation becomes inherently less feasible. While institutional investors might allocate funds to major altcoins via ETFs or investment vehicles, minor altcoins still rely on crypto exchange users to buy them. For altcoins to reach a new all-time high market capitalization, they will require a significant influx of fresh capital to crypto exchanges. The altcoin market cap below its previous ATH indicates reduced fresh liquidity from new exchange users. If Bitcoin retail FOMO reignites, exchange user activity might increase, potentially setting the stage for an altcoin season. However, Bitcoin's future growth is expected to come from ETFs, institutions, and maybe govts, rather than retail traders on crypto exchanges".
